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Single-family · Miami · Miami-Dade County

1121 NW 57th St, Miami

Single-family home marketed for investor income with existing tenancy. Source reports an active lease with a purchase option. No exact lease-end date is disclosed.

Recorded status: Off-market; research only. Checked: .

Dated listing record · recheck availability and legal unit count.

Reported gross yield
6.7%
Rent ÷ asking price
Asking price
$616,000

Monthly rent · Reported: $3,450/mo

Estimated annual NOI
$14,288
Before debt and capital reserves
Estimated cap rate
2.3%
Modeled NOI ÷ purchase price
Est. cash flow / mo
$1,087
All cash · after reserves
Assumptions behind these estimates

Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values

InputValueBasis
Total scheduled rent per month$3,450Matches source observation
Vacancy (%)5%Matches planning allowance
Management (% of collected rent)8%Matches planning allowance
Maintenance (% of total rent)5%Matches planning allowance
Buyer annual tax assumption (% of price)2%Matches planning allowance
Annual insurance$4,513Matches planning allowance
Annual owner-paid utilities$1,200Matches planning allowance
Monthly HOA or condo fees$100Matches planning allowance
Other annual operating expenses$600Matches planning allowance
Capital reserves (% of total rent)3%Matches planning allowance
Down payment (%)100%Matches planning allowance
Mortgage rate (%)7%Matches planning allowance

Unit mix & possession

One single-family home offered

Reported units
1
Reported listing area
1,309 sq ft
Asking / reported sq ft
$471
Rent / year
$41,400
Historical property tax / year
$6,061

Historical tax is the seller’s bill; buyer taxes can change.

Broker info & key considerations To confirm
  • BEX marks the offering off market as observed October 9. The removal date and any completed sale are unknown; retained asking price and income are historical.
  • The separately reported $300 monthly membership amount is excluded from base rent and gross rental yield. Confirm its recipient, transferability, refund obligations and accounting.
  • Seller states the property is for investors and unavailable for owner occupancy; obtain the executed lease and tenant purchase-option agreement.
  • Source living area is 1,309 square feet; other syndicated pages differ. Verify measured and permitted area.
  • Tenant occupancy, lease terms, income, costs and current listing availability have not been independently verified.
  • Tenant occupancy limits showings. Any visit requires authorized coordination.
Source evidence and diligence

Financial figures observed Oct 6, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.

Gross rental yield basis

Source-reported as of Oct 6, 2026 whole-property annual base rent divided by asking price, before vacancy, expenses and financing. Freshness is unverified. This is not cap rate or a guaranteed return. Excludes separate fees and membership income.

Sources

Questions to resolve

  • Obtain the signed lease, tenant estoppel, deposit accounting and collection history.
  • Obtain a trailing operating statement, insurance quotes and a buyer property-tax estimate.
  • Confirm title, legal use, municipal jurisdiction, permitted area and possession terms.
How siEarn separates facts, estimates and unknowns

Similar properties

Florida property research

Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.

[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods